Common use of General Right to Prepay Clause in Contracts

General Right to Prepay. Subject to Section 3.4(e), Section 3.7(c) and Section 9.2 and with the same notice required when the Advance to be prepaid was made, the Borrower may at any time prepay, without premium, bonus or penalty, any or all of the Aggregate Principal Amount (including under one Tranche and not the other), except that a Bankers’ Acceptance will not be paid prior to its Maturity Date and an unexpired Letter of Credit will not be prepaid prior to its Maturity Date (except by the return of the original thereof to the LC Issuer for cancellation or by the collateralization thereof in the manner set forth in Section 11.1(e) with the consent of the LC Issuer and the Agent).

Appears in 2 contracts

Samples: Credit Agreement (Penn West Petroleum Ltd.), Credit Agreement (Penn West Energy Trust)

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General Right to Prepay. Subject to Section 3.4(eSections 3.3(e), Section 3.7(c3.6(c) and Section 9.2 and with the same notice required when the Advance to be prepaid was made, the Borrower may at any time prepay, without premium, bonus or penalty, any or all of the Aggregate Principal Amount (including under one Tranche and not the other)Amount, except that a Bankers' Acceptance will not be paid prior to its Interest Period Maturity Date and an unexpired Letter of Credit will not be prepaid prior to its Interest Period Maturity Date (except by the return of the original thereof to the LC Issuer for cancellation or by the collateralization thereof in the manner set forth in Section 11.1(e) with the consent of the LC Issuer and the Agent).. ​

Appears in 1 contract

Samples: Credit Agreement (ENERPLUS Corp)

General Right to Prepay. Subject to Section 3.4(e), Section 3.7(c) and Section 9.2 and with the same notice required when the Advance to be prepaid was made, the Borrower may at any time prepay, without premium, bonus or penalty, any or all of the Aggregate Principal Amount (including under one Tranche and not the other)Amount, except that a Bankers' Acceptance will not be paid prior to its Maturity Date and an unexpired Letter of Credit will not be prepaid prior to its Maturity Date (except by the return of the original thereof to the LC Issuer for cancellation or by the collateralization thereof in the manner set forth in Section 11.1(e) with the consent of the LC Issuer and the Agent).

Appears in 1 contract

Samples: Credit Agreement (Penn West Energy Trust)

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General Right to Prepay. Subject to Section 3.4(e3.3(e), Section 3.7(c3.6(c) and Section 9.2 and with the same notice required when the Advance to be prepaid was made, the Borrower may at any time prepay, without premium, bonus or penalty, any or all of the Aggregate Principal Amount (including under one Tranche and not the other)Amount, except that a Bankers' Acceptance will not be paid prior to its Interest Period Maturity Date and an unexpired Letter of Credit will not be prepaid prior to its Interest Period Maturity Date (except by the return of the original thereof to the LC Issuer for cancellation or by the collateralization thereof in the manner set forth in Section 11.1(e) with the consent of the LC Issuer and the Agent).

Appears in 1 contract

Samples: Credit Agreement (ENERPLUS Corp)

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